| Quarterly Results of Operations (Unaudited) |
13. Quarterly Results of Operations (Unaudited)
The following tables set forth our unaudited results of operations for each of the quarters in 2019 and 2018.
|
|
|
Year 2019 Quarters Ended
|
|
|
(in thousands, except per share data)
|
|
March 31
|
|
|
June 30
|
|
|
September 30
|
|
|
December 31
|
|
|
Revenues, net
|
|
$
|
12,467
|
|
|
$
|
13,164
|
|
|
$
|
13,660
|
|
|
$
|
14,688
|
|
|
Gross profit
|
|
|
10,867
|
|
|
|
11,379
|
|
|
|
11,859
|
|
|
|
12,763
|
|
|
Gross margin
|
|
|
87.2
|
%
|
|
|
86.4
|
%
|
|
|
86.8
|
%
|
|
|
86.9
|
%
|
|
Loss from operations
|
|
|
(6,448
|
)
|
|
|
(4,287
|
)
|
|
|
(3,900
|
)
|
|
|
(2,569
|
)
|
|
Net loss
|
|
|
(6,726
|
)
|
|
|
(4,468
|
)
|
|
|
(4,144
|
)
|
|
|
(2,812
|
)
|
|
Basic and diluted net loss per share
|
|
$
|
(0.38
|
)
|
|
$
|
(0.25
|
)
|
|
$
|
(0.23
|
)
|
|
$
|
(0.15
|
)
|
|
Weighted average shares outstanding - basic and
diluted
|
|
|
17,890
|
|
|
|
17,944
|
|
|
|
18,375
|
|
|
|
18,402
|
|
|
|
|
Year 2018 Quarters Ended
|
|
|
(in thousands, except per share data)
|
|
March 31
|
|
|
June 30
|
|
|
September 30
|
|
|
December 31
|
|
|
Revenues, net
|
|
$
|
9,138
|
|
|
$
|
10,000
|
|
|
$
|
10,942
|
|
|
$
|
11,917
|
|
|
Gross profit
|
|
|
7,957
|
|
|
|
8,710
|
|
|
|
9,556
|
|
|
|
10,422
|
|
|
Gross margin
|
|
|
87.1
|
%
|
|
|
87.1
|
%
|
|
|
87.3
|
%
|
|
|
87.5
|
%
|
|
Loss from operations
|
|
|
(7,971
|
)
|
|
|
(6,591
|
)
|
|
|
(10,516
|
)
|
|
|
(11,334
|
)
|
|
Net loss
|
|
|
(6,035
|
)
|
|
|
(6,349
|
)
|
|
|
(10,329
|
)
|
|
|
(11,080
|
)
|
|
Basic and diluted net loss per share
|
|
$
|
(0.39
|
)
|
|
$
|
(0.36
|
)
|
|
$
|
(0.58
|
)
|
|
$
|
(0.62
|
)
|
|
Weighted average shares outstanding - basic and
diluted
|
|
|
15,364
|
|
|
|
17,890
|
|
|
|
17,890
|
|
|
|
17,890
|
|
|